I was watching "Mad Money" on CNBC last night and Cramer said something that really got my attention. He was talking about "Obama resistant" stocks.
Now, I have been watching my stocks drop faster than (insert favorite expression here). However, to actually need to choose stocks based on how badly they will be affected by the president seems a bit much. Although, after thinking a few moments I realized that he was actually right. I have been watching and every time he opens his mouth, my retirement moves farther away and becomes more questionable. The only thing that seems to make the market move up is the thought that China might do something.
This guy really does loathe capitalism. Before the election I half jokingly referred to him as a socialist. But, I think that is too moderate a term after seeing all of the things that he is proposing. I have to agree with Rush Limbaugh in that I hope he fails in achieving his goals. For, if he does succeed, then America fails. He is certainly doing everything he can to ensure that no one wants to invest their money in American firms. He seems to think that restricting dividends and raising capital gains taxes are a sure way to encourage investment. Maybe they teach that at Harvard and we mere mortals are too stupid to realize the great potential for wealth creation that he is enabling. However, I suspect that his definition of wealth creation is closer to my definition of wealth redistribution.
I am beginning to think that a DJIA of 4000 is very possible. Thank you Mr. President and to the Republicans who are making it easy.
Not a week has gone by that I have not gotten a call from someone representing the GOP asking for money. Once again, Rush is correct when he says that they are being hung up on. I know that I have been doing it for some time since they demonstrated that they do not know how to lead. I will continue to do so until they demonstrate some "loyal opposition" to the socialist policies being proposed by our president, B. H. Obama.
Please pass the Kool-Aid
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Well...I think the stronger word than "socialism" might be "fascism". BHO is not merely raising taxes and spending it on entitlements. Oh no. He is also trying to control industry: the banking industry, health care industry, further control the auto industry, energy industry, etc. (If I think for another 30 seconds I'll probably remember more) But really, if you control the banks you pretty much have your tentacles into everything.
As for Obama Proof stocks.... I don't think there is ANYWHERE to hide right now. BHO's Chief of OMB, Peter Orszag, illustrates perfectly why I believe this is so. Earlier this week he said the tax policies of President Bush transferred too much wealth to the rich. This goes WAY beyond the usual liberal pablum that the rich simply don't pay their fair share. In this brave new Obama/Orszag world, wealth is not something that people create. To them it is some finite resource that people take. People don't get rich by creating wealth and growing the "pie". Conversely, people aren't poor because they don't do anything to create wealth, they are poor because the rich took too much. And as such, it is the government's responsibility - and right - to "spread the wealth" fairly. In their world view, wealth does not belong to individuals anymore. You do not have a right to what you produce. Given the history of slavery in this country it seems pretty ironic that the nation's first black president would take us so far down this road. You would think he would be especially sensitive to the evil inherent in the assumption that people don't have a right to the fruits of their labor.
So much for a rising tide lifts all boats. So much for a lot of things if this stuff is allowed to go much farther.
I could not agree with you more. He is becoming the Hugo Chavez of the USA. Although, given his past, one could argue that he has always been. Unfortunately, the American voters were too busy not paying attention when they voted him into office.
If anyone would have paid attention to his past associations, voting record, etc., they would have seen him for what he truly is, not what they wanted him to be.
I guess that I should stop trying to improve my situation through education and professional advancement. After all, the only thing that could possibly come from such behavior is that I could fall deeper into the pit of being "wealthy" and sucking the lifeblood out of society. I should instead aspire to be a member of the class of "working people" who must depend on the beneficence of government to exist.
I guess that when I get up every morning at 6am and go to my job, I am not really working. Nor am I working when instead of going home, I go to class or the library and then don't return home until 10pm.
Marxism is alive and well in the United States of America and Karl's protege is none other than B. H. Obama.
All I can say in response to your response is: I never thought I would wish we had Hillary Clinton instead. At least she was ONLY an ultra liberal, maybe even a quasi socialist.
Taxes can be lowered again and all you're out is a "few" bucks. (not that that is nothing by any means) But if you lose the culture and our freedoms, that does not come back so easily. Anyone with even an ounce of historical knowledge knows how rare those freedoms are in the first place. And the second thing a little bt of history would tell you is just how costly it is to win those freedoms back.
"Workers said they will continue to fight for their part of the economic pie."
Evil stupid rich people...keeping these poor 50,000 "workers" down. I wonder what kind of "work" people do that allows 50,000 of them to have nothign better to do than march on city hall in the middle of the day.
http://wcbstv.com/breakingnewsalerts/recession.budget.protest.2.951551.html
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